FIN 800 Lecture Notes - Lecture 5: Mortgage Broker, Ameriquest Mortgage, Universal Default
Document Summary
Potential client or user is generally less sophisticated and knowledgeable than the financial services professional. Set of coordinated activities that are designed to create, communicate, and convey, through voluntary exchanges, something those targeted will value, and to do so in ways that fulfill the objectives of marketers and / or their organizations . Regulation tries to protect those less informed, lower income (e. g. accredited investor vs. retail) Principal protected notes (taking full fees in bond phase) Collateralized debt obligations (default risk, underlying portfolio, risk management) Proud sponsor of the american dream do the right thing . Used computers to scan for potential clients. Marketing mortgages: relation of mortgage broker / lender to borrower, previously no fiduciary relationship to borrower, but ensured right mortgage to right customer, because fi wanted to be repaid. In 2000s, companies marketed mortgages to consumers whose credit ratings were shaky. b.
